SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/X/ Preliminary Proxy Statement
/ / Confidential, for Use of the Commission
Only (as permitted by Rule 14a-6(e)(2))
/ / Definitive Proxy Statement
/ / Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
The Hartford Mutual Funds, Inc.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
/X/ No fee required
/ / Fee computed on table below per Exchange Act Rule 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
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/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
THE HARTFORD MUTUAL FUNDS, INC.
200 HOPMEADOW STREET
SIMSBURY, CONNECTICUT 06089
HARTFORD GLOBAL COMMUNICATIONS FUND
HARTFORD GLOBAL FINANCIAL SERVICES FUND
HARTFORD GLOBAL HEALTH FUND
HARTFORD GLOBAL TECHNOLOGY FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD FOCUS FUND
HARTFORD SMALL COMPANY FUND
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD MIDCAP FUND
HARTFORD STOCK FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD VALUE FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD ADVISERS FUND
HARTFORD HIGH YIELD FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD MONEY MARKET FUND
May [ ], 2002
Dear Shareholder:
You are cordially invited to attend the Special Meeting of Shareholders
(the "Meeting") of the Hartford Funds listed above (the "Funds"), each a series
of The Hartford Mutual Funds, Inc., to be held on June [ ], 2002, at 10:00 a.m.
Eastern time at the offices of Hartford Investment Financial Services, LLC at
200 Hopmeadow Street, Simsbury, Connecticut.
At the Meeting, shareholders will be asked to vote on the matters
listed in the attached Notice of Special Meeting of Shareholders. These matters
include the election of members of the Board of Directors, and consideration of
changes to, or the adoption or elimination of, fundamental investment policies
of the Funds. The "Important Information" accompanying the proxy statement
contains summary information which you might find helpful.
Although the Board of Directors would like very much to have each
shareholder attend the Meeting, they realize that this is not possible. Whether
or not you plan to be present at the Meeting, your vote is needed. Please
complete, sign, and return the enclosed proxy card(s) promptly. A postage-paid
envelope is enclosed for this purpose.
We look forward to seeing you at the Meeting or receiving your proxy so
your shares may be voted at the Meeting.
Sincerely yours,
David M. Znamierowski
President
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SHAREHOLDERS ARE URGED TO SIGN AND RETURN THE ENCLOSED PROXY CARD(S) IN THE
ENCLOSED ENVELOPE SO AS TO BE REPRESENTED AT THE MEETING.
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IMPORTANT INFORMATION
We encourage you to read the enclosed proxy statement; we thought it would
be helpful, however, to have brief answers to some questions.
Q. WHAT PROPOSALS ARE SHAREHOLDERS BEING ASKED TO CONSIDER AT THE UPCOMING
JOINT SPECIAL MEETING?
A. You are being asked to consider two matters. First, you will be asked to
consider the election of directors of your mutual funds. Second, you will be
asked to consider changes to, or the adoption or elimination of, fundamental
investment policies of your funds. "Fundamental" investment policies are
policies that cannot be changed or eliminated without shareholder approval.
Q. WHO ARE BEING NOMINATED TO SERVE AS DIRECTORS?
A. There are nine nominees. Seven of the nominees currently serve as directors
of your fund. The other two nominees serve as directors for other
Hartford-affiliated mutual funds. The proposed combination of boards of
directors is expected to result in additional efficiencies and cost savings.
Q. WHY ARE WE PROPOSING TO CHANGE THE FUNDS' FUNDAMENTAL POLICIES?
A. As is described in more detail in the accompanying proxy statement, many of
the existing fundamental policies were adopted in response to regulatory,
business, or industry requirements, or conditions that no longer prevail. In
addition, small variations in the wording of similar restrictions among the
whole family of Hartford funds makes the tasks of ensuring compliance with them
difficult and expensive. We are proposing adopting and removing certain policies
and bringing those that remain in line, wherever possible, with other
fundamental policies in place, or expected to be put in place, by other Hartford
funds.
Q. DO WE EXPECT THE FUNDS' INVESTMENT APPROACHES TO CHANGE AS A RESULT?
A. No. These changes are being proposed to help streamline the compliance and
regulatory processes, not in order to facilitate any expected change in
investment strategy or approach by the Funds.
Q. HAS THE FUNDS' BOARD OF DIRECTORS APPROVED THESE PROPOSALS?
A. Yes. Your Board of Directors has reviewed and approved each of the
proposals on which you are being asked to vote. Your Board recommends that you
vote in favor of each proposal.
Q. WHEN SHOULD I VOTE?
A. Please vote as soon as possible. Representatives of The Hartford Financial
Services Group, Inc. ("The Hartford") or a firm authorized by The Hartford may
be contacting you to urge you to vote on these important matters.
THE HARTFORD MUTUAL FUNDS, INC.
HARTFORD GLOBAL COMMUNICATIONS FUND
HARTFORD GLOBAL FINANCIAL SERVICES FUND
HARTFORD GLOBAL HEALTH FUND
HARTFORD GLOBAL TECHNOLOGY FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD FOCUS FUND
HARTFORD SMALL COMPANY FUND
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD MIDCAP FUND
HARTFORD STOCK FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD VALUE FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD ADVISERS FUND
HARTFORD HIGH YIELD FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD MONEY MARKET FUND
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NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
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A Special Meeting of Shareholders (the "Meeting") of the Hartford Funds
listed above (each a "Fund," and collectively, the "Funds"), each a series of
The Hartford Mutual Funds, Inc., will be held at the offices of Hartford
Investment Financial Services, LLC at 200 Hopmeadow Street, Simsbury,
Connecticut, on June [ ], 2002, at 10:00 a.m., Eastern time, for the following
purposes:
I. To elect a Board of Directors.
II. To consider proposals to adopt, revise or eliminate certain fundamental
investment policies of the Funds. (To be considered separately by the
applicable Funds, as described in the enclosed proxy statement.)
III. To consider and act upon such other matters as may properly come before the
Meeting.
Shareholders of record as of the close of business on May 7, 2002 are
entitled to notice of and to vote at the Meeting.
By order of the Board of Directors,
Kevin J. Carr
Secretary
May [ ], 2002
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YOUR VOTE IS IMPORTANT. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE
COMPLETE, SIGN, DATE, AND MAIL THE ENCLOSED PROXY CARD(S) IN THE ENCLOSED
ENVELOPE SO THAT YOU WILL BE REPRESENTED AT THE MEETING.
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THE HARTFORD MUTUAL FUNDS, INC.
200 HOPMEADOW STREET
SIMBSBURY, CONNECTICUT 06089
HARTFORD GLOBAL COMMUNICATIONS FUND
HARTFORD GLOBAL FINANCIAL SERVICES FUND
HARTFORD GLOBAL HEALTH FUND
HARTFORD GLOBAL TECHNOLOGY FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD FOCUS FUND
HARTFORD SMALL COMPANY FUND
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD MIDCAP FUND
HARTFORD STOCK FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD VALUE FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD ADVISERS FUND
HARTFORD HIGH YIELD FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD MONEY MARKET FUND
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PROXY STATEMENT
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The enclosed proxy is solicited on behalf of the Board of Directors of The
Hartford Mutual Funds, Inc. (the "Company") for use at the Special Meeting of
Shareholders (the "Meeting") of the Hartford Funds listed above, each a series
of the Company (each a "Fund," and collectively, the "Funds"), to be held on
June [ ], 2002, at 10:00 a.m. Eastern time, at the offices of Hartford
Investment Financial Services, LLC ("HIFSCO") at 200 Hopmeadow Street, Simsbury,
Connecticut and at any adjournment thereof. The Meeting will be held for the
purposes set forth in the accompanying Notice of Special Meeting of Shareholders
(the "Notice"). Shareholders of record as of the close of business on May 7,
2002 (the "Record Date") are entitled to notice of and to vote at the Meeting or
at any adjourned session. The Notice, the Proxy Statement, and the enclosed form
of proxy are first being mailed or otherwise made available to shareholders on
or about May [ ], 2002.
If you own shares of more than one Fund, you should sign and return a proxy
card for each Fund of which you are a shareholder; for example, if you own
shares of the Hartford Focus Fund and the Hartford Stock Fund, you should sign
and return the enclosed proxy cards for each of those Funds. A DIFFERENT PROXY
CARD IS ENCLOSED FOR EACH FUND IN WHICH YOU ARE A SHAREHOLDER. YOU SHOULD SIGN
AND RETURN EACH OF THE CARDS.
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Each share is entitled to one vote, with fractional shares voting
proportionally. Shares represented by duly executed proxies will be voted in
accordance with the specification made. If no specification is made, shares will
be voted in accordance with the recommendations of the Board of Directors. You
may revoke a proxy at any time before it is exercised, by sending or delivering
a written revocation to the Secretary of the Company (which will be effective
when it is received by the Secretary), by properly executing a later-dated
proxy, or by attending the Meeting, requesting return of your proxy, and voting
in person.
HIFSCO is the investment manager and the underwriter for each Fund. The
address of HIFSCO is 200 Hopmeadow Street, Simsbury, Connecticut 06070. Hartford
Investment Management Company ("HIMCO") is a sub-adviser to the Hartford High
Yield Fund, the Hartford Bond Income Strategy Fund, and the Hartford Money
Market Fund. HIMCO's address is 55 Farmington Avenue, Hartford, Connecticut
06105. Wellington Management Company LLP ("Wellington Management") is a
sub-advisor to each of the remaining Funds. Wellington Management's address is
75 State Street, Boston, Massachusetts 02109.
The following table lists the outstanding shares for each Fund as of the
Record Date:
TABLE 1
FUND SHARES OUTSTANDING
Hartford Advisers Fund
Hartford Bond Income Strategy Fund
Hartford Capital Appreciation Fund
Hartford Dividend and Growth Fund
Hartford Focus Fund
Hartford Global Communications Fund
Hartford Global Financial Services Fund
Hartford Global Health Fund
Hartford Global Leaders Fund
Hartford Global Technology Fund
Hartford Growth and Income Fund
Hartford High Yield Fund
Hartford International Capital Appreciation Fund
Hartford International Opportunities Fund
Hartford International Small Company Fund
Hartford Midcap Fund
Hartford Midcap Value Fund
Hartford Money Market Fund
Hartford Small Company Fund
Hartford Stock Fund
Hartford Value Fund
COPIES OF THE MOST RECENT ANNUAL REPORT ISSUED BY THE COMPANY INCLUDING
INFORMATION ABOUT EACH FUND MAY BE OBTAINED WITHOUT CHARGE. FOR COPIES, PLEASE
CALL THE COMPANY AT 1-888-843-7824 OR WRITE THE COMPANY AT P.O. BOX 64387, ST.
PAUL, MINNESOTA 55164-0387.
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SUMMARY OF PROPOSALS AND FUNDS AFFECTED
The following table summarizes the voting on the proposals:
TABLE 2
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PROPOSAL SHAREHOLDERS ENTITLED TO VOTE
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Proposal I Election of Directors Shareholders of each Fund, voting as a
single class.
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Proposal II A(i). Proposal to revise the fundamental Shareholders of each Fund voting separately
policy regarding the issuing of senior by Fund.
securities.
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A(ii). Proposal to revise the fundamental Shareholders of each Fund voting separately
policy regarding the borrowing of money. by Fund.
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B. Proposal to revise the fundamental policy Shareholders of each Fund voting separately
regarding investment concentrations within a by Fund, EXCEPT the following Funds:
particular industry.
Hartford Global Communications Fund,
Hartford Global Financial Services Fund,
Hartford Global Health Fund, and Hartford
Global Technology Fund,
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C. Proposal concerning fundamental Shareholders of the following Funds voting
policies regarding investments within separately by Fund:
certain industries.
Hartford Global Communications Fund,
Hartford Global Financial Services Fund,
Hartford Global Health Fund, and
Hartford Global Technology Fund
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D. Proposal to revise the fundamental policy Shareholders of each Fund voting separately
regarding the making of loans. by Fund.
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E. Proposal to revise the fundamental policy Shareholders of each Fund voting separately
regarding the underwriting of securities. by Fund.
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F. Proposal to revise the fundamental policy Shareholders of each Fund voting separately
regarding investments in real estate or by Fund.
interests therein.
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G. Proposal to revise the fundamental policy Shareholders of each Fund voting separately
regarding purchases and sales of commodities by Fund.
and commodities contracts.
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H. Proposal to eliminate the fundamental Shareholders of each Fund voting separately
policy regarding the diversification of by Fund, EXCEPT the following Funds:
investments.
Hartford Global Communications Fund,
Hartford Global Financial Services Fund,
Hartford Global Health Fund, Hartford Global
Technology Fund, and Hartford Focus Fund
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PROPOSAL I: ELECTION OF BOARD OF DIRECTORS
The Board of Directors of the Company has fixed the number of Directors at
nine and is recommending that shareholders approve the election of nine nominees
for Director. Of these, seven currently serve as Directors: Winifred Ellen
Coleman, Duane E. Hill, William Atchison O'Neill, Millard Handley Pryor, Jr.,
John Kelley Springer, Lowndes Andrew Smith, and David M. Znamierowski. The other
two nominees are currently Directors of other Hartford-affiliated mutual funds.
They are Phillip O. Peterson and Robert M. Gavin.
The Nominating Committee of the Board of Directors reviewed and approved
the nomination of each nominee. The Board of Directors, in turn, approved the
nominations and is recommending that shareholders vote in favor of each nominee.
Biographical data for each of the nominees is set forth below, together
with information concerning the current officers of the Company. If elected,
each Director will serve until his or her successor is elected and qualifies.
The mailing address for each nominee for election as a director is: c/o
Secretary, The Hartford Mutual Funds, Inc. 55 Farmington Avenue, Hartford, CT
06105.
NOMINEES FOR ELECTION AS NON-INTERESTED DIRECTORS
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NUMBER OF
PORTFOLIOS
POSITION TERM OF IN FUND OTHER
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5 COMPLEX DIRECTORSHIPS
WITH THE LENGTH OF YEARS OVERSEEN BY HELD BY
NAME, AGE AND ADDRESS COMPANY TIME SERVED DIRECTOR DIRECTOR
- ----------------------------- ----------- ------------- --------------------------------------- -------------- -----------------
WINIFRED ELLEN COLEMAN Director Since 1996 Ms. Coleman has served as President 48 N/A
(age 69) of Saint Joseph College since 1991
and President of Cashel House, Ltd.
(retail) since 1985.
DR. ROBERT M. GAVIN N/A New Nominee Mr. Gavin is an educational 24 N/A
(age 61) consultant; prior to September 1,
2001, he was President of Cranbrook
Education Community and prior to
July, 1996 he was President of
Macalester College, St. Paul, MN.
DUANE E. HILL Director Since 2001 Mr. Hill is Partner Emeritus and a 48 N/A
(age 56) founding partner of TSG Capital
Group, a private equity investment
firm that serves as sponsor and lead
investor in leveraged buyouts of
middle market companies. Mr. Hill is
also a Partner of TSG Ventures L.P.,
a private equity investment company
that invests primarily in
minority-owned small businesses. Mr.
Hill currently serves as Chairman of
the City of Stamford, CT Planning
Board
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NOMINEES FOR ELECTION AS NON-INTERESTED DIRECTORS
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NUMBER OF
PORTFOLIOS
POSITION TERM OF IN FUND OTHER
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5 COMPLEX DIRECTORSHIPS
WITH THE LENGTH OF YEARS OVERSEEN BY HELD BY
NAME, AGE AND ADDRESS COMPANY TIME SERVED DIRECTOR DIRECTOR
- ----------------------------- ----------- ------------- --------------------------------------- -------------- -----------------
and a director of the Stamford
Cultural Development Corporation.
WILLIAM ATCHISON O'NEILL Director Since 1996 The Honorable William A. O'Neill 48 N/A
(age 71) served as Governor of the State of
Connecticut from 1980 until 1991. He
is presently retired.
PHILLIP O. PETERSON N/A New Nominee Mr. Peterson is a mutual fund 24 N/A
(age 57) industry consultant; he was a Partner
of KPMG LLP, through June, 1999.
MILLARD HANDLEY Director Since 1996 Mr. Pryor has served as Managing 48 Mr. Pryor is a
PRYOR, JR. Director of Pryor & Clark Company Director of
(age 68) (real estate investment), Hartford, Corcap, Inc.
Connecticut, since June, 1992. (inactive
corporation),
Infodata
Systems, Inc.
(software
company) and
CompuDyne
Corporation
(security
products and
services).
JOHN KELLEY SPRINGER Director Since 1996 Mr. Springer recently served as 48 N/A
(age 70) Chairman of MedSpan, Inc. (health
maintenance organization). He
retired from MedSpan, Inc. in March,
2002.
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NOMINEES FOR ELECTION AS INTERESTED DIRECTORS
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NUMBER OF
PORTFOLIOS
POSITION TERM OF IN FUND OTHER
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5 COMPLEX DIRECTORSHIPS
WITH THE LENGTH OF YEARS OVERSEEN BY HELD BY
NAME, AGE AND ADDRESS COMPANY TIME SERVED DIRECTOR DIRECTOR
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LOWNDES Director Since 1996 Mr. Smith served as Vice Chairman 48 N/A
ANDREW SMITH** of Hartford Financial Services
(age 62) Group, Inc. from February 1997 to
January 2002, as President and
Chief Executive Officer of Hartford
Life, Inc. from February 1997 to
January 2002, and as President and
Chief Operating Officer of The
Hartford Life Insurance Companies
from January 1989 to January 2002.
DAVID M. ZNAMIEROWSKI*** President Since 2001 Mr. Znamierowski currently serves 71 N/A
(age 41) and Director as President of Hartford Investment
Management Company ("HIMCO") and
Senior Vice President, Chief
Investment Officer and Director of
Investment Strategy for Hartford
Life, Inc. Mr. Znamierowski is also
a Managing Member and Senior Vice
President of HIFSCO and HL
Investment Advisors, LLC ("HL
Advisors"). In addition,
Mr. Znamierowski is the Group Senior
Vice President and Chief Investment
Officer for The Hartford.
* Each Director serves until his or her successor is elected and qualifies.
Mr. O'Neill is expected to retire from the Board of Directors in August,
2002.
** Mr. Smith is an "interested" Director due to the positions he held with
The Hartford Financial Services Group, Inc. ("The Hartford") until January
2002, and because of his holdings of The Hartford stock
*** Mr. Znamierowski is an "interested" Director due to the positions he holds
with HIMCO and its affiliates.
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OFFICERS
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POSITION TERM OF
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5
WITH THE LENGTH OF YEARS
NAME, AGE AND ADDRESS COMPANY TIME SERVED
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KEVIN J. CARR Vice Since 1996 Mr. Carr has served as Assistant
(age 47) President General Counsel since 1999, Counsel
55 Farmington Avenue and since November 1996 and Associate
Hartford, CT 06105 Secretary Counsel since November 1995, of The
Hartford.
CHRISTOPHER JAMES COSTA Assistant Since 1997 Mr. Costa has served as the Tax
(age 37) Secretary Manager of The Hartford-Sponsored
P.O. Box 2999 Mutual Funds since July 1996.
Hartford, CT 06104-2999 Formerly he served as the Tax
Manager and Assistant Treasurer of
The Phoenix Mutual Funds from
June 1994 to June 1996 and as a
Tax Consultant with Arthur
Andersen LLP from September
1990 to June 1994.
TAMARA L. FAGELY Vice Since 2002 Ms. Fagely has been Vice President
(age 43) President, of HASCO since 1998. Prior to
500 Bielenberg Drive Controller 1998, she was Second Vice President
Woodbury, MN 55125 and of HASCO. She also has served as
Treasurer Assistant Vice President of
Hartford Life Insurance Company
since December 2001.
BRUCE FERRIS Vice Since 2002 Mr. Ferris serves as Vice President
(age 46) President and a director of sales and
P.O Box 2999 marketing in the Investment
Hartford, CT 06104-2999 Products Division of Hartford Life
Insurance Company.
GEORGE RICHARD JAY Vice Since 1996 Mr. Jay has served as Secretary and
(age 50) President Director, Life and Equity
P.O. Box 2999 Accounting and Financial Control,
Hartford, CT 06104-2999 of Hartford Life Insurance Company
since 1987.
RYAN JOHNSON Vice Since 2002 Mr. Johnson has served as Vice
(age 41) President President and a director of sales
P.O. Box 2999 and marketing in the Investment
Hartford, CT 06104-2999 Products Division of Hartford Life
Insurance Company since 1999.
Previously he was with Guardian
Insurance Company in New York, New
York.
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OFFICERS
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POSITION TERM OF
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5
WITH THE LENGTH OF YEARS
NAME, AGE AND ADDRESS COMPANY TIME SERVED
----------------------------- ----------- ------------- ---------------------------------------
STEPHEN T. JOYCE Vice Since 2000 Mr. Joyce currently serves as
(age 42) President Senior Vice President and director
P.O. Box 2999 of investment products management
Hartford, CT 06104-2999 for Hartford Life Insurance
Company. Previously he served as
Vice President (1997-1999) and
Assistant Vice President
(1994-1997) of Hartford Life
Insurance Company.
DAVID N. LEVENSON Vice Since 2000 Mr. Levenson serves as Senior Vice
(age 35) President President of Hartford Life
P.O. Box 2999 Insurance Company and is
Hartford, CT 06104-2999 responsible for the Company's
mutual funds line of business and
its corporate retirement plans line
of business. Mr. Levenson joined
The Hartford in 1995. Mr. Levenson
is also a senior vice president of
HIFSCO.
THOMAS MICHAEL MARRA Vice Since 1996 Mr. Marra is President and Chief
(age 43) President Operating Officer of Hartford Life,
P.O. Box 2999 Inc. He is also a member of the
Hartford, CT 06104-2999 Board of Directors and a member of
the Office of the Chairman for The
Hartford, the parent company of
Hartford Life. Named President of
Hartford Life in 2001 and COO in
2000, Mr. Marra served as Executive
Vice President and Director of
Hartford Life's Investment Products
Division from 1998 to 2000. He was
head of the company's Individual
Life and Annuities Division from
1994 to 1998 after being promoted
and to Executive Vice President in
1996. From 1990 to 1994, Mr. Marra
was Vice President and Director of
Individual Annuities. Mr. Marra is
also a Managing Member and
Executive Vice President of HIFSCO
and HL Advisors.
-8-
OFFICERS
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POSITION TERM OF
HELD OFFICE* AND PRINCIPAL OCCUPATION(S) DURING LAST 5
WITH THE LENGTH OF YEARS
NAME, AGE AND ADDRESS COMPANY TIME SERVED
----------------------------- ----------- ------------- ---------------------------------------
JOHN C. WALTERS Vice Since 2000 Mr. Walters serves as Executive
(age 39) President Vice President and Director of the
P.O. Box 2999 Investment Products Division of
Hartford, CT 06104-2999 Hartford Life Insurance Company.
Previously Mr. Walters was with
First Union Securities until
[date]. Mr. Walters is also a
Managing Member and Executive Vice
President of HIFSCO and HL Advisors.
DAVID M. ZNAMIEROWSKI President Since 1999 See biographical information under
(age 41) and Director "Nominees for Election as
55 Farmington Avenue Interested Directors" above.
Hartford, CT 06105
* Each officer serves until his or her successor is elected and qualifies.
-9-
CERTAIN INFORMATION REGARDING DIRECTORS AND OFFICERS. Messrs. Peterson and
Gavin are also directors of Fortis Securities, Inc., a closed-end registered
investment company, Hartford HLS Series Fund II, Inc., an open-end registered
investment company, and The Hartford Mutual Funds II, Inc., an open-end
registered investment company. All other non-interested directors of the Company
are non-interested directors of 13 other registered investment companies in the
fund complex. David Znamierowski is a director of the 16 other registered
investment companies in the fund complex. All of the officers of the Company,
except Christopher Costa, are also officers of the 16 other registered
investment companies in the fund complex. Lowndes Smith, as a director, and
Christopher Costa, as an officer, serve in these same capacities with 13 other
registered investment companies in the fund complex.
The Company's Charter does not provide for the annual election of
directors unless specifically required by the 1940 Act or Maryland law. However,
in accordance with the 1940 Act, (i) the Company will hold a shareholders'
meeting for the election of directors at such time as less than a majority of
the directors holding office has been elected by the shareholders and (ii) a
vacancy among the directors may be filled by the remaining directors only if,
immediately after such vacancy is filled, at least two-thirds of the directors
holding office shall have been elected by the shareholders.
The full Board of Directors met _______ times during the fiscal year ended
October 31, 2001. During such fiscal year, each incumbent director attended at
least 75% of the aggregate of the number of meetings of the Board of Directors
and the number of meetings held by all committees of which he was a member that
were held while he was serving on the Board of Directors or on such committee.
STANDING COMMITTEES. The board of directors has established an Audit
Committee and a Nominating Committee for the Company. Each Committee is made up
of those directors who are not "interested persons" of the Company. The Audit
Committee (i) oversees the Funds' accounting and financial reporting policies
and practices, its internal controls and, as appropriate, the internal controls
of certain service providers, (ii) oversees the quality and objectivity of the
Funds' financial statements and the independent audit thereof, and (iii) acts as
a liaison between the Funds' independent auditors and the full board of
directors. The Nominating Committee screens and selects candidates to the Board
of Directors. Any recommendations for nominees should be directed to the
Secretary of The Hartford Mutual Funds, Inc., who will then forward them to the
Nominating Committee. The Nominating Committee will consider nominees
recommended by shareholders if the Committee is considering other nominees at
the time of the recommendation and if the nominee meets the Committee's
criteria. The Audit Committee and Nominating Committee met two times and one
time, respectively, during the fiscal year ended October 31, 2001.
If the nominees to the Board of Directors are elected, the composition of
the Company's standing committees will change.
HOLDINGS AND REMUNERATION OF DIRECTORS. The following table discloses the
dollar range of equity securities beneficially owned by each director or nominee
(i) in each Fund and (ii) on an aggregate basis in any registered investment
companies overseen by the director within the same family of investment
companies as the Company.
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TABLE 3
AGGREGATE DOLLAR RANGE OF EQUITY
SECURITIES IN ALL REGISTERED
INVESTMENT COMPANIES OVERSEEN BY
DIRECTOR IN FAMILY OF INVESTMENT
NAME OF DIRECTOR OR NOMINEE DOLLAR RANGE OF EQUITY SECURITIES IN THE FUND COMPANIES
Winifred Ellen Coleman $1-$10,000 - The Hartford Small Company Fund
$1-$10,000 - The Hartford Global Leaders Fund
$1-$10,000 - The Hartford MidCap Fund
$10,001-$50,000 - The Hartford International
Opportunities Fund
$10,001-$50,000 - The Hartford Advisers Fund
$10,001-$50,000 - The Hartford Stock Fund Over $100,000
$10,001-$50,000 - The Hartford Dividend and
Growth Fund
$50,001-$100,000 - The Hartford Capital
Appreciation Fund
William Atchison O'Neill $10,001-$50,000 - The Hartford Bond Income Strategy $10,001-$50,000
Fund
Millard Handley Pryor, Jr. $50,001-$100,000 - The Hartford Stock Fund $50,001-$100,000
Lowndes Andrew Smith $1-$10,000 - The Hartford International Opportunities
Fund
$10,001-$50,000 - The Hartford MidCap Fund
$10,001-$50,000 - The Hartford Global Technology Fund
$10,001-$50,000 - The Hartford Global Leaders Fund
$50,001-$100,000 - The Hartford Focus Fund
$50,001-$100,000 - The Hartford Global Health Fund
$50,001-$100,000 - The Hartford Small Company Fund Over $100,000
Over $100,000 - The Hartford Capital Appreciation Fund
Over $100,000 - The Hartford High Yield Fund
Over $100,000 - The Hartford Advisers Fund
John Kelley Springer $1-$10,000 - The Hartford Global Health Fund $10,001-$50,000
$1,001-$10,000 - The Hartford Stock Fund
$10,001-$50,000 - The Hartford Advisers Fund
$10,001-$50,000 - The Hartford Dividend and Growth Fund
David Mark Znamierowski $10,001-$50,000 - The Hartford High Yield Fund $10,001-$50,000
* The valuation date for purposes of this Table 3 is May 7, 2002.
The Company does not pay salaries or compensation to any of its officers
or Directors who are employed by The Hartford. The chart below sets forth the
compensation paid by the Funds and Fund Complex for the year ended October 31,
2001 to the non-interested Directors who are nominees for reelection.
-11-
TABLE 4
- --------------------------------------------------------------------------------------------------------------------
PENSION RETIREMENT TOTAL COMPENSATION
AGGREGATE BENEFITS ACCRUED AS ESTIMATED ANNUAL FROM THE FUNDS AND
COMPENSATION FROM PART OF FUND BENEFITS UPON FUND COMPLEX PAID TO
NAME OF PERSON, POSITION THE FUNDS EXPENSES RETIREMENT DIRECTORS*
- --------------------------------------------------------------------------------------------------------------------
Winifred E. Coleman, $14,800 $0 $0 $74,000
Director
Duane E. Hill, $ 2,600 $0 $0 $13,000
Director
William A. O'Neill, $14,800 $0 $0 $74,000
Director
Millard H. Pryor, Jr. $14,800 $0 $0 $74,000
Director
John K. Springer, $14,800 $0 $0 $74,000
Director
*As of October 31, 2001, fourteen registered investment companies in the Complex
paid compensation to the Directors.
The sales load for Class A shares of the Company is waived for present and
former officers, Directors and employees of the Company, The Hartford,
Wellington Management, the transfer agent, and each of their affiliates. This
waiver is designed to provide an incentive for individuals that are involved and
affiliated with the Funds and their operations to invest in the Funds.
The Company's Charter provides that the Company, to the fullest extent
permitted or required by Maryland law and the federal securities laws, shall
indemnify the Directors and officers of the Company. The Company's Charter,
however, does not protect any Director of officer against any liability to which
he or she would otherwise be subject by reason of or for willful misfeasance,
bad faith, gross negligence or reckless disregard or such person's duties.
To the knowledge of the Company, as of May 7, 2002, the officers and
Directors of the Company as a group beneficially owned [ ] of the outstanding
Class A shares of the International Small Company Fund and owned less than 1% of
the outstanding shares of each other Fund.
RECOMMENDED SHAREHOLDER ACTION AND REQUIRED VOTE. The Directors recommend
that the shareholders vote for each nominee. A plurality of the votes properly
cast in person or by proxy at the Meeting is required for the election of
Directors. Shares of all Funds shall vote as a single class for the Directors.
Shareholders have no cumulative voting rights. Abstentions and broker non-votes
will have no effect on the election of Directors.
-12-
PROPOSAL II: CHANGES TO FUNDAMENTAL INVESTMENT POLICIES
As described in the following proposals, HIFSCO has recommended to the
Board of Directors, and the Board of Directors is recommending to shareholders,
that certain fundamental investment policies of the Funds be adopted, eliminated
or revised. The purpose of the proposals is in most cases to modernize the
fundamental policies that are required under applicable law. NO CHANGE IN THE
FUNDS' INVESTMENT STRATEGIES OR APPROACHES IS EXPECTED AS A RESULT OF THE
PROPOSED CHANGES TO THE FUNDS' FUNDAMENTAL INVESTMENT POLICIES. The Board of
Directors is recommending that shareholders approve each of the proposals.
BACKGROUND
Each of the Funds has adopted certain "fundamental" investment policies.
Fundamental investment policies or restrictions can be changed only by
shareholder vote. Some of the Funds' fundamental investment policies were
adopted in order to comply with the requirements of the Investment Company Act
of 1940, as amended (the "1940 Act"). Others were adopted in the past in
response to regulatory, business, or industry requirements or conditions that in
many cases no longer prevail. The specific proposals, and HIFSCO's reasons for
recommending them, are described below. Many of the proposed new or revised
fundamental policies are the same as those that currently apply to, or are
expected to be adopted by, other funds in the Hartford Fund Family.
The effect of implementation of these proposals should be to reduce the
compliance burdens of monitoring, and ensuring compliance with, varying sets of
fundamental policies - some differing from each other by only a few words -
across the Hartford Fund Family.
If shareholders of a Fund do not approve a proposal, the fundamental
investment policy in question will remain in effect for that Fund, and the Board
of Directors will determine any further appropriate steps to be taken.
PROPOSALS
Note: Appendix A to this Proxy Statement sets out the specific fundamental
investment policies proposed to be eliminated or revised, and the text of any
proposed revision. The descriptions of the proposed eliminations and/or
revisions set out below are qualified in their entirety by reference to Appendix
A.
A. (i) REVISION TO THE FUNDAMENTAL POLICY REGARDING ISSUING OF SENIOR
SECURITIES.
(ii) REVISION TO THE FUNDAMENTAL POLICY REGARDING THE BORROWING OF
MONEY.
If this proposal is approved by the shareholders of a Fund, each Fund's
fundamental policy regarding the borrowing of money and issuing of senior
securities will be combined to read as follows:
The Fund will not borrow money or issue any class of senior securities,
except to the extent consistent with the Investment Company Act of 1940,
as amended, and the rules and regulations thereunder, or as may otherwise
be permitted from time to time by regulatory authority.
With respect to restrictions on the issuing of senior securities and the
borrowing of money, the Funds may be classified into two groups, Group A and
Group B.
Group A Group B
Global Health Fund Global Communications Fund
Global Technology Fund Global Financial Services Fund
Capital Appreciation Fund Focus Fund
Dividend and Growth Fund Value Fund
-13-
Global Leaders Fund MidCap Value Fund
Growth and Income Fund International Capital Appreciation Fund
Stock Fund International Small Company Fund
International Opportunities Fund
MidCap Fund
Small Company Fund
Advisers Fund
High Yield Fund
Bond Income Strategy Fund
Money Market Fund
Each of the Group A Funds is subject to a fundamental policy prohibiting
the Fund from (1) issuing senior securities and (2) borrowing money, except from
banks and then only if immediately after such borrowing there is asset coverage
of at least 300% as defined in the 1940 Act.
Each of the Group B Funds is subject to a fundamental policy prohibiting
the Fund from (1) issuing senior securities to the extent such issuance would
violate applicable law and (2) borrowing money, except that a Fund may (a)
borrow from banks (as defined in the 1940 Act) and through reverse repurchase
agreements in amounts up to 33.33% of its total assets (including the amount
borrowed), (b) to the extent permitted by applicable law, borrow up to an
additional 5% of its total assets for temporary purposes, (c) obtain such
short-term credits as may be necessary for the clearance of purchases and sales
of portfolio securities, (d) purchase securities on margin to the extent
permitted by applicable law and (e) engage in transactions in mortgage dollar
rolls which are accounted for as financings.
The 1940 Act generally permits a mutual fund to borrow money in an amount
equal to one-third of its total assets, including the amount borrowed. This
proposal is recommended to clarify that each Fund has the ability to borrow
money to the full extent consistent with law or regulatory interpretation. The
proposal would eliminate the distinction between Group A and Group B Funds.
The proposed policy would permit a Fund to borrow money for the purpose of
investing in additional securities. This practice, known as "leverage," would
increase a Fund's market exposure and its risk. When a Fund has borrowed money
for leverage and its investments increase or decrease in value, the Fund's net
asset value will normally increase or decrease more than if it had not borrowed
money. The Fund would also incur interest expense on borrowed money. The extent
to which a Fund borrows money and the amount it may borrow depends, in part, on
market conditions and interest rates. Successful use of leverage would depend on
the investment adviser's ability to predict market movements correctly.
Each of the Funds is currently subject to a non-fundamental investment
restriction prohibiting it from purchasing any security on margin (except that a
Fund may obtain such short-term credit as may be necessary for the clearance of
purchases and sales of portfolio securities). That policy does not apply to
margin arrangements in connection with futures contracts or related options. In
addition, each Fund is subject to a non-fundamental policy prohibiting it from
purchasing securities while outstanding borrowings exceed 5% of its total
assets. Although these policies may be changed or eliminated by the Board of
Directors without shareholder approval, the Board of Directors has no current
intention of doing so. In addition, the Funds' investment adviser has no current
intention of proposing any such change to the non-fundamental investment
restrictions of the Funds.
If adopted by the shareholders of a Fund, this policy is not expected to
alter the investment practices of the Fund.
-14-
B. REVISION TO THE FUNDAMENTAL POLICY REGARDING INVESTMENT
CONCENTRATIONS WITHIN A PARTICULAR INDUSTRY.
(Not applicable to Hartford Global Communications Fund, Hartford Global
Financial Services Fund, Hartford Global Health Fund or Hartford Global
Technology Fund.)
Each Fund, with the exception of the Funds listed above, is subject to a
fundamental policy providing that the Fund will not invest 25% or more of its
total assets in the securities of one or more issuers conducting their principal
business activities in the same industry. The fundamental policy states that
this limitation does not apply to investments in U.S. government securities. If
this proposal is approved by the shareholders of a Fund, the fundamental policy
relating to the concentration of investments will be amended and restated as
follows:
The Fund will not concentrate its investments in a particular
industry, except to the extent consistent with the Investment
Company Act of 1940, as amended, and the rules and regulations
thereunder, or as may otherwise be permitted from time to time by
regulatory authority.
The proposed fundamental policy is substantially similar to the current
policy and is intended to standardize the fundamental policies among the
Hartford Fund Family. If adopted by the shareholders of a Fund, this policy is
not expected to alter the investment practices of the Fund.
A Fund that concentrates its investments in a particular industry or
industries could be exposed to greater risk to the extent that the particular
industry or industries in which it concentrates experiences adverse changes, and
it may be more volatile that one whose investments are more broadly distributed
among industries.
C. PROPOSAL CONCERNING FUNDAMENTAL POLICIES REGARDING INVESTMENTS
WITHIN CERTAIN INDUSTRIES.
(Applicable only to Hartford Global Communications Fund, Hartford Global
Financial Services Fund, Hartford Global Health Fund and Hartford Global
Technology Fund (for the purposes of this subsection, collectively the "Funds"
and each a "Fund")).
Each of the Funds listed above focuses its investments in a particular
industry sector. The Funds have adopted the following policies:
The Hartford Global Communications Fund normally invests at least
25% of its total assets, in the aggregate, in the following
industries: telecommunication services and media.
The Hartford Global Financial Services Fund normally invests at
least 25% of its total assets, in the aggregate, in the following
industries: banks, diversified financials, and insurance.
The Hartford Global Health Fund normally invests at least 25% of its
total assets, in the aggregate, in the following industries:
pharmaceuticals, medical products, and health services.
The Hartford Global Technology Fund normally invests at least 25% of
its total assets, in the aggregate, in the following industries:
computers and computer equipment, software and computer services,
electronics, and communication equipment.
-15-
The Funds are proposing to clarify that each of these policies is
fundamental so that they may not be changed without a vote of shareholders of
the affected Funds. Except as shown below, the terms of the policies will not
change. The only other change effected in connection with this proposal will be
to require shareholder approval to amend or eliminate the policy.
It is also proposed that those policies for the Global Health Fund and
Global Technology Fund be modified to reflect more precisely industry groupings.
The modified policies would read as follows:
The Hartford Global Health Fund will normally invest at least 25%
of its total assets, in the aggregate, in the following industries:
pharmaceuticals AND BIOTECHNOLOGY, medical products, and health
services.
The Hartford Global Technology Fund will normally invest at least
25% of its total assets, in the aggregate, in the following
industries: TECHNOLOGY HARDWARE AND equipment, software and computer
services, COMMERCIAL SERVICES AND SUPPLIES, electronics, and
communication equipment.
D. REVISION TO THE FUNDAMENTAL POLICY REGARDING THE MAKING OF LOANS.
Each Fund has a fundamental investment restriction prohibiting it from
making loans, except through (a) the purchase of debt obligations in accordance
with the Fund's investment objective and policies, (b) repurchase agreements
with banks, brokers, dealers and other financial institutions, and (c) loans of
cash or securities as permitted by applicable law. If shareholders of a Fund
approve this proposal, the Fund's fundamental policy regarding loans will be
amended and restated as follows:
The Fund will not make loans, except to the extent consistent with
the Investment Company Act of 1940, as amended, and the rules and
regulations thereunder, or as may otherwise be permitted from time
to time by regulatory authority.
The proposed fundamental policy provides increased flexibility with
respect to loans, as it imposes no limitations on such lending other than those
imposed by the 1940 Act and applicable regulation. The proposal is intended to
standardize the fundamental policies among the Hartford Fund Family and to
maximize the ability of a Fund to respond to regulatory changes.
When a Fund makes a loan, it takes the risk that the person or entity to
which it makes the loan will be unable or unwilling to repay the loan. Any such
failure to repay a loan or any delay in repaying a loan would likely result in a
loss to the Fund. When a Fund lends its portfolio securities to another party,
the Fund has the potential to increase its current income while retaining the
securities' potential for capital appreciation. Such loans are at all times
secured by cash or other collateral and involve some risk to the Fund if the
other party should default on its obligation to return the securities or to make
related payments. If the other party should become involved in bankruptcy
proceedings, the Fund may encounter a delay in recovery of or even a loss of
rights in the collateral.
If adopted by the shareholders of a Fund, this policy is not expected to
alter the investment practices of the Fund.
E. REVISION TO THE FUNDAMENTAL POLICY REGARDING THE UNDERWRITING OF
SECURITIES.
Each Fund has a fundamental investment restriction prohibiting it from
underwriting securities issued by others, except to the extent that the sale of
portfolio securities by the Fund may be deemed to be an underwriting. If the
shareholders of a Fund approve this proposal, the Fund's fundamental policy
regarding underwriting will be amended and restated as follows:
The Fund will not act as an underwriter of other issuers, except to
the extent that, in connection with the disposition of portfolio
securities, the Fund may be deemed to be an underwriter under
applicable laws.
The proposed fundamental policy is substantially similar to the current
policy and is intended to standardize the fundamental policies among the
Hartford Fund Family. If adopted by the shareholders of a Fund, this policy is
not expected to alter the investment practices of the Fund.
F. REVISION TO THE FUNDAMENTAL POLICY REGARDING INVESTMENTS IN REAL
ESTATE OR INTERESTS THEREIN.
Each Fund has a fundamental investment restriction prohibiting it from
purchasing or selling real estate, except that it may (a) acquire or lease
office space for its own use, (b) invest in securities of issuers that invest in
real estate or interests therein, (e.g., real estate investment trusts) (c)
invest in securities that
-16-
are secured by real estate or interests therein, (d) purchase and sell
mortgage-related securities, (e) hold and sell real estate acquired by the Fund
as a result of the ownership of securities and (f) invest in real estate limited
partnerships. If shareholders of a Fund approve this proposal, the Fund's
fundamental policy regarding investments in real estate and interests therein
will be amended and restated as follows:
The Fund will not purchase or sell real estate unless acquired as a
result of ownership of securities or other instruments, although it
may purchase securities secured by real estate or interests therein,
or securities issued by companies which invest in real estate or
interests therein.
The proposed fundamental policy is substantially similar to the current
policy and is intended to standardize the fundamental policies among the
Hartford Fund Family. If adopted by the shareholders of a Fund, this policy is
not expected to alter the investment practices of the Fund.
To the extent a Fund holds real estate-related securities, it will be
subject to the risks associated with the real estate market. These risks may
include declines in the value of the real estate, changes in general or local
economic conditions, overbuilding, difficulty in completing construction,
increased competition, changes in zoning laws, increases in property taxes and
operating expenses, and variations in rental income. Generally, increases in
interest rates will increase the cost of obtaining financing, which may result
in a decrease in the value of such investments. In addition, in order to enforce
its rights in the event of a default of these securities, a Fund may be required
to participate in various legal proceedings or take possession of and manage
assets securing the issuer's obligations. This could increase a Fund's operating
expenses and adversely affect a Fund's net asset value. Moreover, direct
investments in real estate as well as certain real estate-related investments
are considered "illiquid" and are subject to the risks associated with illiquid
assets. These risks include the possibility that a Fund may be unable to dispose
of the asset at a time when it may be advantageous to do so and that the asset
may be worth less than the price at which a Fund values it for the purpose of
determining net asset value.
G. REVISION TO THE FUNDAMENTAL POLICY REGARDING PURCHASES AND SALES OF
COMMODITIES AND COMMODITIES CONTRACTS.
Each Fund is subject to a fundamental policy providing that the Fund will
not invest in commodities or commodity contracts, except that it may invest in
currency and financial instruments and contracts that are commodities or
commodity contracts. If this proposal is approved by the shareholders of a Fund,
that Fund's fundamental policy relating to investments in commodities or
commodities contracts will be amended and restated to read as follows:
The Fund will not purchase or sell commodities or commodity
contracts, except that the Fund may purchase or sell financial
futures contracts, options on financial futures contracts and
futures contracts, forward contracts, and options with respect to
foreign currencies, and may enter into swap transactions or other
financial transactions of any kind.
The proposed policy is recommended to standardize the fundamental policies
across the Hartford Fund Family and to provide the Funds with maximum investment
flexibility permitted by applicable law. None of the Funds intends to change its
current practices with respect to investment in commodities.
Each of the Funds is subject to a non-fundamental investment restriction
prohibiting it from entering into a stock index futures contract, or acquiring
related options, if initial margin deposits on the open futures position, plus
the sum of premium payments for all unexpired options on stock index futures
contracts, would exceed 5% of the Fund's total assets. Although this policy may
be changed or eliminated by the Board of Directors of any Corporation without
shareholder approval, the Boards of Directors of the Corporations have no
current intention of doing so. In addition, the Funds' investment adviser has no
current intention of proposing any such change to the non-fundamental investment
restrictions of the Funds.
-17-
The use by a Fund of financial futures contracts and other financial
instruments entails certain risks, including the risk that the Fund's investment
adviser may be unable to forecast market and currency exchange rate movements
accurately. Should markets or exchange rates move in an unexpected manner, the
Fund may not achieve the anticipated benefits of the financial instruments or
may realize losses and thus be in a worse position than if such financial
instruments had not been used. In addition, the imperfect correlation between
movements in the prices or values of financial instruments and movements in the
price of any securities or currencies hedged using such instruments or used for
cover may result in unanticipated losses. A Fund's ability to dispose of or
close out its positions in financial instruments will depend on the availability
of liquid markets in such instruments. The Fund may be unable to dispose of or
close out a financial instrument when it otherwise might, and may be unable to
realize a gain or limit a loss.
H. ELIMINATION OF THE FUNDAMENTAL POLICY REGARDING DIVERSIFICATION OF
INVESTMENTS.
(Not applicable to Hartford Global Communications Fund, Hartford Global
Financial Services Fund, Hartford Global Health Fund, Hartford Global Technology
Fund and Hartford Focus Fund.)
Each Fund, with the exception of the Funds listed above, is currently
subject to a fundamental policy providing that, with respect to 75% of the
Fund's total assets, the Fund will not purchase securities of an issuer (other
than cash, cash items or securities issued or guaranteed by the U.S. Government,
its agencies, instrumentalities or authorities), if (a) such purchase would
cause more than 5% of the Fund's total assets taken at market value to be
invested in the securities of such issuer; or (b) such purchase would at the
time result in more than 10% of the outstanding voting securities of such issuer
being held by the Fund.
The elimination of this fundamental policy is proposed for administrative
purposes only and is not intended to change the investment practices of any
Fund. The elimination of the policy will not affect the classification of any
Fund as a "diversified" investment company under Section 5(b)(1) of the 1940
Act.
In order to be classified a "diversified" investment company under Section
5(b)(1) of the 1940 Act, an investment company must limit the amount of an
issuer's voting securities it holds in accordance with that Section. Each Fund
has adopted, as a fundamental policy, the current language of Section 5(b)(1).
Although the 1940 Act requires that a fund be classified as either a diversified
or a non-diversified fund, it does not require that the diversification
requirements be adopted as a fundamental policy. A change in classification as a
diversified fund would require approval of a majority of the outstanding shares
of a Fund.
The elimination of the current policy should allow a Fund to remain a
diversified investment company despite any future amendments or changes to the
definition of "diversified" investment company under Section 5(b)(1), without
having to seek shareholder approval. In addition, this change is intended to
reduce administrative burdens by eliminating a fundamental policy that is not
required and is not expected to apply to other funds in the Hartford Fund
Family.
RECOMMENDED SHAREHOLDER ACTION AND REQUIRED VOTE. The Directors recommend
that shareholders vote for each of the foregoing proposals. Approval by a Fund
of each of the foregoing proposals requires the affirmative vote of a "majority
of the outstanding voting securities" of that Fund (as defined in the 1940 Act),
which means the affirmative vote of the lesser of (1) more than 50% of the
outstanding shares of the Fund or (2) 67% or more of the shares of the Fund
present at a meeting if more than 50% of the outstanding shares of the Fund are
represented at the meeting in person or by proxy. Abstentions and broker
non-votes will have the effect of negative votes on each matter set out in this
Proposal II. Approval by the shareholders of any individual Fund of any of the
individual items of this Proposal II will be effective regardless of the outcome
of shareholder voting for that Fund in connection with Proposal I or any of the
other items of this Proposal II.
-18-
III. MISCELLANEOUS
SHARE OWNERSHIP INFORMATION. To the knowledge of the Company, as of May 7,
2002, no person owned of record or beneficially more than 5% of the outstanding
shares of any class of any Fund, other than the following:
Class A Class B Class C Class Y
------- ------- ------- -------
GLOBAL COMMUNICATIONS FUND
--------------------------
HL Investment Advisors
Hartford, CT
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Raymond James & Associates, Inc.
For the Sole Benefit of Its Customers
St. Petersburg, FL
GLOBAL FINANCIAL SERVICES FUND
------------------------------
HL Investment Advisors
Hartford, CT
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
GLOBAL HEALTH FUND
------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Wellington Retirement and Pension Plan
For the Sole Benefit of Its Customers
Boston, MA
GLOBAL TECHNOLOGY FUND
----------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
HL Investment Advisors
Hartford, CT
INTERNATIONAL SMALL COMPANY FUND
- ---------------------------------
HL Investment Advisors
Hartford, CT
A. G. Edwards & Sons
For the Sole Benefit of Its Customers
St. Louis, MO
-19-
Class A Class B Class C Class Y
------- ------- ------- -------
Clare Villari
Newton, MA
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
First Clearing Corporation
For the Sole Benefit of Its Customers
Big Stone Gap, VA
Dain Rauscher Inc.
For the Sole Benefits of Its Customers
Glendale, WI
Wellington Management Company
For the Sole Benefit of Its Customers
Boston, MA
INTERNATIONAL CAPITAL APPRECIATION FUND
---------------------------------------
HL Investment Advisors
Hartford, CT
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
A. G. Edwards & Sons
For the Sole Benefit of Its Customers
St. Louis, MO
Margueritte J. Dowlen TTEE
UA Dtd 65/29/97
Margueritte J. Dowlen Rev. Trust
DeSoto, TX
Wisconsin Radiology Specialist
SC 401K PL & TR DTD 9/1/00
Whitefish Bay, WI
RBC Dain Rauscher
Edmund Tang TTEE
Wanda Tang TTEE
Tang Family Revocable Trust
Peoria, AZ
INTERNATIONAL OPPORTUNITIES FUND
--------------------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
-20-
Class A Class B Class C Class Y
------- ------- ------- -------
Saxon & Company
Philadelphia, PA
Hartford Life Insurance Company
Simsbury, CT
GLOBAL LEADERS FUND
-------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
HL Investment Advisors
Hartford, CT
FOCUS FUND
----------
HL Investment Advisors
Hartford, CT
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Wellington Management Company
For the Sole Benefit of Its Customers
Boston, MA
SMALL COMPANY FUND
------------------
Edward D. Jones & Co.
For the S ole Benefit of Its Customers
Maryland Heights, MO
Hartford Life Insurance Company
Simsbury, CT
Saxon & Company
Philadelphia, PA
Greater Orlando Aviation Authority
FBO Employees of Greater Orlando Aviation Authority
Orlando, FL
CAPITAL APPRECIATION FUND
-------------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Greater Orlando Aviation Authority
FBO Employees of Greater Orlando Aviation Authority
Orlando, FL
-21-
Class A Class B Class C Class Y
------- ------- ------- -------
MIDCAP VALUE FUND
-----------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
HL Investment Advisors
Hartford, CT
MIDCAP FUND
-----------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Hartford Life Insurance Company
Simsbury, CT
STOCK FUND
----------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Greater Orlando Aviation Authority
FBO Employees of Greater Orlando Aviation Authority
Orlando, FL
Saxon & Company
Philadelphia, PA
GROWTH AND INCOME FUND
----------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
HL Investment Advisors
Hartford, CT
VALUE FUND
----------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
-22-
Class A Class B Class C Class Y
------- ------- ------- -------
HL Investment Advisors
Hartford, CT
DIVIDEND AND GROWTH FUND
------------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Hartford Life Insurance Company
Simsbury, CT
Saxon & Company
Philadelphia, PA
Wellington Retirement and Pension Plan
For the Sole Benefit of Its Customers
Boston, MA
ADVISERS FUND
-------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Saxon & Company
Philadelphia, PA
Wellington Management Company
For the Sole Benefit of Its Customers
Boston, MA
HIGH YIELD FUND
---------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
HL Investment Advisors
Hartford, CT
BOND INCOME STRATEGY FUND
-------------------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Saxon & Company
Philadelphia. PA
Hartford Life Insurance Company
Simsbury, CT
-23-
Class A Class B Class C Class Y
------- ------- ------- -------
MONEY MARKET FUND
-----------------
Edward D. Jones & Co.
For the Sole Benefit of Its Customers
Maryland Heights, MO
Greater Orlando Aviation Authority
FBO Employees of Greater Orlando Aviation Authority
Orlando, FL
QUORUM. The presence, either in person or by proxy, of shareholders owning
a majority of shares of all Funds entitled to vote at the Meeting shall
constitute a quorum.
OTHER BUSINESS. The Board of Directors knows of no other business to be
brought before the Meeting. However, if any other matters properly come before
the Meeting, it is the Board of Directors' intention that proxies that do not
contain specific restrictions to the contrary will be voted on such matters in
accordance with the best judgment of the persons named as proxies in the
enclosed form of proxy card.
SOLICITATION OF PROXIES. In addition to the solicitation of proxies by
mail, the Board of Directors of the Company and employees of HIFSCO or its
affiliates may solicit proxies in person or by telephone. The Funds have also
retained [ ] to aid in the solicitation of proxies. The costs of
retaining [ ] and other expenses incurred in connection with the
solicitation of proxies, other than expenses in connection with solicitation by
the employees of HIFSCO, will be borne by the Funds. The anticipated cost
associated with the solicitation of proxies by [ ] is $[ ].
ADJOURNMENT. In the event a quorum is not obtained or that sufficient
votes in favor of the proposals set forth in the accompanying Notice are not
received by the time scheduled for the Meeting, the persons named as proxies may
propose one or more adjournments of the Meeting for a reasonable time after the
date set for the original Meeting to permit further solicitation of proxies with
respect to any such proposals. In addition, if, in the judgment of the persons
named as proxies, subsequent developments make it advisable to defer action on
any proposal, the persons named as proxies may propose one or more adjournments
of the Meeting for a reasonable time in order to defer action on the proposal as
they deem advisable. Provided that there is a quorum, a shareholder vote may be
taken for one or more of the Proposals in this Proxy Statement prior to any
adjournment. All Proposals receiving a sufficient number of votes for approval
prior to any adjournment shall be deemed adopted and shall not require any
further shareholder approval at any adjournment or otherwise.
TABULATION OF VOTES. Votes cast by proxy or in person at the Meeting will
be counted by one or more persons appointed by the President of the Company to
act as tellers for the Meeting. The tellers will count the total number of votes
cast "FOR" the proposals for purposes of determining whether sufficient
affirmative votes have been cast. The tellers will count shares represented by
proxies that withhold authority to vote or that reflect abstentions or "broker
non-votes" (i.e., shares held by brokers or nominees as to which (i)
instructions have not been received from the beneficial owners or persons
entitled to vote and (ii) the broker or nominee does not have the discretionary
voting power on a particular matter) as shares that are present and entitled to
vote on the matter for purposes of determining the presence of a quorum.
DATE FOR RECEIPT OF SHAREHOLDERS' PROPOSALS FOR SUBSEQUENT MEETINGS OF
SHAREHOLDERS. The Company's Charter does not provide for annual meetings of
shareholders, and the Company does not currently intend to hold such a meeting
in 2002. Shareholder proposals for inclusion in the Company's proxy statement
for any subsequent meeting must be received by the Company a reasonable period
of time prior to any such meeting.
-24-
APPENDIX A
The following tables outline the proposed changes in the fundamental
policies for each Fund, stating the current policy and the proposed revised
policy.
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD MIDCAP FUND
HARTFORD SMALL COMPANY FUND
HARTFORD STOCK FUND
HARTFORD ADVISERS FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD HIGH YIELD FUND
HARTFORD MONEY MARKET FUND
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or
fundamental policy regarding the securities." issue any class of senior
issuing of senior securities. securities, except to the extent
consistent with the Investment Company
Act of 1940, as amended, and the rules
and regulations thereunder, or as
may otherwise be permitted from time
to time by regulatory authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or
fundamental policy regarding the except from banks and then only if issue any class of senior
borrowing of money. immediately after each such borrowing securities, except to the extent
there is asset coverage of at least consistent with the Investment
300% as defined in the 1940 Act." Company Act of 1940, as amended, and
the rules and regulations thereunder,
or as may otherwise be permitted
from time to time by regulatory
authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.B. Proposal to revise the The Fund will not "invest 25% or more The Fund will not "concentrate its
fundamental policy regarding of its total assets in the securities investments in a particular
investment concentrations within a of one or more issuers conducting industry, except to the extent
particular industry. their principal business activities in consistent with the Investment
the same industry (excluding the U.S. Company Act of 1940, as amended, and
Government or any of its agencies or the rules and regulations
instrumentalities)." thereunder, or as may otherwise be
permitted from time to time by
regulatory authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
-25-
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD MIDCAP FUND
HARTFORD SMALL COMPANY FUND
HARTFORD STOCK FUND
HARTFORD ADVISERS FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD HIGH YIELD FUND
HARTFORD MONEY MARKET FUND
(CONT.)
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.D. Proposal to revise the The Fund will not "make loans, except The Fund will not "make loans,
fundamental policy regarding the through (a) the purchase of debt except to the extent consistent with
making of loans. obligations in accordance with the the Investment Company Act of 1940, as
Fund's investment objective and amended, and the rules and regulations
policies, (b) repurchase agreements thereunder, or as may otherwise be
with banks, brokers, dealers and other permitted from time to time by regulatory
financial institutions, and (c) loans authority."
of cash or securities as permitted by
applicable law."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.E. Proposal to revise the Each Fund will not "underwrite Each Fund will not "act as an
fundamental policy regarding securities issued by others, except to underwriter of other issuers, except
underwriting securities. the extent that the sale of portfolio to the extent that, in connection
securities by the Fund may be deemed with the disposition of portfolio
to be an underwriting." securities, the Fund may be deemed
to be an underwriter under
applicable laws."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.F. Proposal to revise the Each Fund will not "purchase or sell Each Fund will not "purchase or sell
fundamental policy regarding real estate, except that [a Fund] may real estate unless acquired as a
investments in real estate and (a) acquire or lease office space for result of ownership of securities or
interests therein. its own use, (b) invest in securities other instruments, although it may
of issuers that invest in real estate purchase securities secured by real
or interests therein, (e.g., real estate or interests therein, or
estate investment trusts) (c) invest securities issued by companies which
in securities that are secured by real invest in real estate or interests
estate or interests therein, (d) therein."
purchase and sell mortgage-related
securities, (e) hold and sell real
estate acquired by the Fund as a
result of the ownership of securities
and (f) invest in real estate limited
partnerships."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.G. Proposal to revise the Each Fund will not "invest in Each Fund will not "purchase or sell
fundamental policy regarding commodities or commodity contracts, commodities or commodities
purchases and sales of commodities except that the Fund may invest in contracts, except that the Fund may
and commodities contracts. currency and financial instruments and purchase or sell financial futures
contracts that are commodities or contracts, options on financial
commodity contracts." futures contracts, and futures
contracts, forward contracts, and
options with respect to foreign
currencies, and may enter into swap
transactions or other financial
transactions of any kind."
- ------------------------------------- ---------------------------------------- --------------------------------------
-26-
HARTFORD CAPITAL APPRECIATION FUND
HARTFORD DIVIDEND AND GROWTH FUND
HARTFORD GLOBAL LEADERS FUND
HARTFORD GROWTH AND INCOME FUND
HARTFORD INTERNATIONAL OPPORTUNITIES FUND
HARTFORD MIDCAP FUND
HARTFORD SMALL COMPANY FUND
HARTFORD STOCK FUND
HARTFORD ADVISERS FUND
HARTFORD BOND INCOME STRATEGY FUND
HARTFORD HIGH YIELD FUND
HARTFORD MONEY MARKET FUND
(CONT.)
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.H. Proposal to eliminate the "With respect to 75% of a Fund's total The current policy will be
fundamental policy regarding assets," each Fund will not "purchase eliminated.
diversification. securities of an issuer (other than
cash, cash items or securities issued
or guaranteed by the U.S. Government,
its agencies, instrumentalities or
authorities), if (a) such purchase
would cause more than 5% of the Fund's
total assets taken at market value to
be invested in the securities of such
issuer; or (b) such purchase would at
the time result in more than 10% of
the outstanding voting securities of
such issuer being held by the Fund."
- ------------------------------------- ---------------------------------------- --------------------------------------
-27-
HARTFORD VALUE FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(I). Proposal to revise the Each Fund will not "issue senior Each Fund will not "borrow money or issue
fundamental policy regarding the securities to the extent such any class of senior securities, except to
issuing of senior securities. issuance would violate applicable the extent consistent with the Investment
law." Company Act of 1940, as amended, and the
rules and regulations thereunder, or as
may otherwise be permitted from time to
time by regulatory authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(II). Proposal to revise the Each Fund will not "borrow money, Each Fund will not "borrow money or issue
fundamental policy regarding the except (a) the [ ] Fund may borrow any class of senior securities, except to
borrowing of money. from banks (as defined in the the extent consistent with the Investment
1940 Act) and through reverse Company Act of 1940, as amended, and the
repurchase agreements in amounts rules and regulations thereunder, or as
up to 33.33% of its total assets may otherwise be permitted from time to
(including the amount borrowed), time by regulatory authority."
(b) the [] Fund may, to the extent
permitted by applicable law,
borrow up to an additional 5% of
its total assets for temporary
purposes, (c) the [] Fund may obtain
such short-term credits as may be
necessary for the clearance of
purchases and sales of portfolio
securities, (d) the [] Fund may
purchase securities on margin to
the extent permitted by applicable
law and (e) the [] Fund may engage
in transactions in mortgage dollar
rolls which are accounted for as
financings."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.B. Proposal to revise Each Fund will not "invest 25% or Each Fund will not "concentrate its
fundamental policy regarding more of its total assets in the investments in a particular industry,
investment concentrations within a securities of one or more issuers except to the extent consistent with the
particular industry. conducting their principal Investment Company Act of 1940, as
business activities in the same amended, and the rules and regulations
industry (excluding the U.S. thereunder, or as may otherwise be
Government or any of its agencies permitted from time to time by regulatory
or instrumentalities)." authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
-28-
HARTFORD VALUE FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
(CONT.)
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.D. Proposal to revise the Each Fund will not "make loans The Fund will not "make loans, except to
fundamental policy regarding the except through (a) the purchase the extent consistent with the Investment
making of loans. of debt obligations in accordance Company Act of 1940, as amended, and the
with the Fund's investment rules and regulations thereunder, or as
objective and policies, (b) may otherwise be permitted from time to
repurchase agreements with banks, time by regulatory authority."
brokers, dealers and other
financial institutions, and (c)
loans of cash or securities as
permitted by applicable law."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.E. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an underwriter
fundamental policy regarding securities issued by others, of other issuers, except to the extent
underwriting securities. except to the extent that the that, in connection with the disposition
sale of portfolio securities by of portfolio securities, the Fund may be
the Fund may be deemed to be an deemed to be an underwriter under
underwriting." applicable laws."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or The Fund will not "purchase or sell real
fundamental policy regarding sell real estate" except that it estate unless acquired as a result of
investments in real estate and may "(a) acquire or lease office ownership of securities or other
interests therein. space for its own use, (b) invest instruments, although it may purchase
in securities of issuers that securities secured by real estate or
invest in real estate or interests therein, or securities issued
interests therein, (e.g., real by companies which invest in real estate
estate investment trusts) (c) or interests therein."
invest in securities that are
secured by real estate or
interests therein, (d) purchase
and sell mortgage-related
securities, (e) hold and sell real
estate acquired by the Fund as a
result of the ownership of
securities and (f) invest in
real estate limited partnerships"
- ------------------------------------- ----------------------------------- -------------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity commodities or commodities contracts,
purchases and sales of commodities contracts, except that the Fund except that the Fund may purchase or sell
and commodities contracts. may invest in currency and financial futures contracts, options on
financial instruments and financial futures contracts, and futures
contracts that are commodities or contracts, forward contracts, and options
commodity contracts." with respect to foreign currencies, and
may enter into swap transactions or other
financial transactions of any kind."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.H. Proposal to eliminate the "With respect to 75% of a Fund's The current policy will be eliminated.
fundamental policy regarding total assets," each Fund will not
diversification. "purchase securities of an issuer
(other than cash, cash items or
securities issued or guaranteed
by the U.S. Government, its
- ------------------------------------- ----------------------------------- -------------------------------------------
-29-
HARTFORD VALUE FUND
HARTFORD MIDCAP VALUE FUND
HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND
HARTFORD INTERNATIONAL SMALL COMPANY FUND
(CONT.)
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
agencies, instrumentalities or
authorities), if (a) such
purchase would cause more than 5%
of the Fund's total assets taken
at market value to be invested in
the securities of such issuer; or (b)
such purchase would at the time result
in more than 10% of the outstanding
voting securities of such issuer being
held by the Fund."
- ------------------------------------- ----------------------------------- -------------------------------------------
-30-
HARTFORD GLOBAL HEALTH FUND
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or
fundamental policy regarding the securities. issue any class of senior
issuing of senior securities. securities, except to the extent
consistent with the Investment
Company Act of 1940, as amended, and
the rules and regulations
thereunder, or as may otherwise be
permitted from time to time by
regulatory authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or
fundamental policy regarding the except from banks and then only if issue any class of senior
borrowing of money. immediately after The such borrowing securities, except to the extent
there is asset coverage of at least consistent with the Investment
300% as defined in the 1940 Act." Company Act of 1940, as amended, and
the rules and regulations thereunder,
or as may otherwise be permitted
from time to time by regulatory
authority."
- ----------------------------------------------------------------------------- --------------------------------------
II.C. Proposal concerning The Fund "normally invests at The Fund will "normally invest at
fundamental policy regarding least 25% of its total assets, in least 25% of its total assets, in
investments within certain the aggregate, in the following the aggregate, in the following
industries. industries: pharmaceuticals, industries: pharmaceuticals and
medical products, and health biotechnology, medical products, and
services." health services."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.D. Proposal to revise the The Fund will not "make loans, except The Fund will not "make loans,
fundamental policy regarding the through (a) the purchase of debt except to the extent consistent with
making of loans. obligations in accordance with the the Investment Company Act of 1940,
Fund's investment objective and as amended and the rules and
policies, (b) repurchase agreements regulations thereunder, or as may
with banks, brokers, dealers and other otherwise be permitted from time to
financial institutions, and (c) loans time by regulatory authority.
of cash or securities as permitted by
applicable law."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.E. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an
fundamental policy regarding securities issued by others, except to underwriter of other issuers, except
underwriting securities. the extent that the sale of portfolio to the extent that, in connection
securities by the Fund may be deemed with the disposition of portfolio
to be an underwriting." securities, the Fund may be deemed
to be an underwriter under
applicable laws."
- ------------------------------------- ---------------------------------------- --------------------------------------
-31-
HARTFORD GLOBAL HEALTH FUND
(CONT.)
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or sell The Fund will not "purchase or sell
fundamental policy regarding real estate, except that [a Fund] may real estate unless acquired as a
investments in real estate and (a) acquire or lease office space for result of ownership of securities or
interests therein. its own use, (b) invest in securities other instruments, although it may
of issuers that invest in real estate purchase securities secured by real
or interests therein, (e.g., real estate or interests therein, or
estate investment trusts) (c) invest securities issued by companies which
in securities that are secured by real invest in real estate or interests
estate or interests therein, (d) therein."
purchase and sell mortgage-related
securities, (e) hold and sell real
estate acquired by the Fund as a
result of the ownership of securities
and (f) invest in real estate limited
partnerships."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity contracts, commodities or commodities
purchases and sales of commodities except that the Fund may invest in contracts, except that the Fund may
and commodities contracts. currency and financial instruments and purchase or sell financial futures
contracts that are commodities or contracts, options on financial
commodity contracts." futures contracts, and futures
contracts, forward contracts, and
options with respect to foreign
currencies, and may enter into
swap transactions or other financial
transactions of any kind."
- ------------------------------------- ---------------------------------------- --------------------------------------
-32-
HARTFORD GLOBAL TECHNOLOGY FUND
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or
fundamental policy regarding the securities." issue any class of senior
issuing of senior securities. securities, except to the extent
consistent with the Investment
Company Act of 1940, as amended, and
the rules and regulations
thereunder, or as may otherwise be
permitted from time to time by
regulatory authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or
fundamental policy regarding the except from banks and then only if issue any class of senior
borrowing of money. immediately after The such borrowing securities, except to the extent
there is asset coverage of at least consistent with the Investment
300% as defined in the 1940 Act." Company Act of 1940, as amended, and
the rules and regulations thereunder,
or as may otherwise be permitted
from time to time by regulatory
authority."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.C. Proposal concerning The Fund "normally invests at The Fund will "normally invest at
fundamental policy regarding least 25% of its total assets, in least 25% of its total assets, in
investments within certain the aggregate, in the following the aggregate, in the following
industries. industries: computers and computer industries: technology hardware and
equipment, software and computer equipment, software and computer
services, electronics, and services, electronics, and
communication equipment." communication equipment."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.D. Proposal to revise the The Fund will not "make loans, except The Fund will not "make loans,
fundamental policy regarding the through (a) the purchase of debt except to the extent consistent with
making of loans. obligations in accordance with the the Investment Company Act of 1940,
Fund's investment objective and as amended, and the rules and
policies, (b) repurchase agreements regulations thereunder, or as may
with banks, brokers, dealers and other otherwise be permitted from time to
financial institutions, and (c) loans time by regulatory authority.
of cash or securities as permitted by
applicable law."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.E. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an
fundamental policy regarding securities issued by others, except underwriter of other issuers, except
to
- ------------------------------------- ---------------------------------------- --------------------------------------
-33-
HARTFORD GLOBAL TECHNOLOGY FUND
(CONT.)
- ------------------------------------- ---------------------------------------- --------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ---------------------------------------- --------------------------------------
underwriting securities. the extent that the sale of portfolio to the extent that, in connection
securities by the Fund may be deemed with the disposition of portfolio
to be an underwriting." securities, the Fund may be deemed
to be an underwriter under
applicable laws."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or sell The Fund will not "purchase or sell
fundamental policy regarding real estate, except that [a Fund] may real estate unless acquired as a
investments in real estate and (a) acquire or lease office space for result of ownership of securities or
interests therein. its own use, (b) invest in securities other instruments, although it may
of issuers that invest in real estate purchase securities secured by real
or interests therein, (e.g., real estate or interests therein, or
estate investment trusts) (c) invest securities issued by companies which
in securities that are secured by real invest in real estate or interests
estate or interests therein, (d) therein."
purchase and sell mortgage-related
securities, (e) hold and sell real
estate acquired by the Fund as a
result of the ownership of securities
and (f) invest in real estate limited
partnerships."
- ------------------------------------- ---------------------------------------- --------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity contracts, commodities or commodities
purchases and sales of commodities except that the Fund may invest in contracts, except that the Fund may
and commodities contracts. currency and financial instruments and purchase or sell financial futures
contracts that are commodities or contracts, options on financial
commodity contracts." futures contracts, and futures
contracts, forward contracts, and
options with respect to foreign
currencies, and may enter into
swap transactions or other financial
transactions of any kind."
- ------------------------------------- ---------------------------------------- --------------------------------------
-34-
HARTFORD GLOBAL COMMUNICATIONS FUND
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or issue
fundamental policy regarding the securities to the extent such any class of senior securities, except to
issuing of senior securities. issuance would violate applicable the extent consistent with the Investment
law." Company Act of 1940, as amended, and the
rules and regulations thereunder, or as
may otherwise be permitted from time to
time by regulatory authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or issue
fundamental policy regarding the except (a) the [] Fund may borrow any class of senior securities, except to
borrowing of money. from banks (as defined in the the extent consistent with the Investment
1940 Act) and through reverse Company Act of 1940, as amended, and the
repurchase agreements in amounts rules and regulations thereunder, or as
up to 33.33% of its total assets may otherwise be permitted from time to
(including the amount borrowed), time by regulatory authority."
(b) the [] Fund may, to the extent
permitted by applicable law, borrow
up to an additional 5% of its total
assets for temporary purposes, (c)
the [] Fund may obtain such
short-term credits as may be
necessary for the clearance of
purchases and sales of portfolio
securities, (d) the [] Fund may
purchase securities on margin to
the extent permitted by applicable
law and (e) the [] Fund may engage
in transactions in mortgage dollar
rolls which are accounted for as
financings."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.C. Proposal concerning The Fund normally invests at The Fund will "normally invest at least
fundamental policy regarding least 25% of its total assets, in 25% of its total assets, in the
investments within certain the aggregate, in the following aggregate, in the following industries:
industries. industries: telecommunication telecommunication services and media."
services and media."
- ------------------------------------- ----------------------------------- -------------------------------------------
-35-
HARTFORD GLOBAL COMMUNICATIONS FUND
(CONT.)
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.D. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an underwriter
fundamental policy regarding securities issued by others, of other issuers, except to the extent
underwriting securities. except to the extent that the that, in connection with the disposition
sale of portfolio securities by of portfolio securities, the Fund may be
the Fund may be deemed to be an deemed to be an underwriter under
underwriting." applicable laws."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.E. Proposal to revise the The Fund will not "make loans The Fund will not "make loans, except to
fundamental policy regarding the except through (a) the purchase the extent consistent with the Investment
making of loans. of debt obligations in accordance Company Act of 1940, as amended, and the
with the Fund's investment rules and regulations thereunder, or as
objective and policies, (b) may otherwise be permitted from time to
repurchase agreements with banks, time by regulatory authority."
brokers, dealers and other financial
institutions, and (c) loans of cash
or securities as permitted by
applicable law."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or The Fund will not "purchase or sell real
fundamental policy regarding sell real estate" except that it estate unless acquired as a result of
investments in real estate and may "(a) acquire or lease office ownership of securities or other
interests therein. space for its own use, (b) invest instruments, although it may purchase
in securities of issuers that securities secured by real estate or
invest in real estate or interests therein, or securities issued
interests therein, (e.g., real by companies which invest in real estate
estate investment trusts) (c) or interests therein."
invest in securities that are
secured by real estate or interests
therein, (d) purchase and sell
mortgage-related securities, (e)
hold and sell real estate acquired
by the Fund as a result of the
ownership of securities and (f)
invest in real estate limited
partnerships"
- ------------------------------------- ----------------------------------- -------------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity commodities or commodities contracts,
purchases and sales of commodities contracts, except that the Fund except that the Fund may purchase or sell
and commodities contracts. may invest in currency and financial futures contracts, options on
financial instruments and financial futures contracts, and futures
contracts that are commodities or contracts, forward contracts, and options
commodity contracts." with respect to foreign currencies, and
may enter into swap transactions or other
financial transactions of any kind."
- ------------------------------------- ----------------------------------- -------------------------------------------
-36-
HARTFORD GLOBAL FINANCIAL SERVICES FUND
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or issue
fundamental policy regarding the securities to the extent such any class of senior securities, except to
issuing of senior securities. issuance would violate applicable the extent consistent with the Investment
law." Company Act of 1940, as amended, and the
rules and regulations thereunder, or as
may otherwise be permitted from time to
time by regulatory authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or issue
fundamental policy regarding the except (a) the [] Fund may borrow any class of senior securities, except to
borrowing of money. from banks (as defined in the the extent consistent with the Investment
1940 Act) and through reverse Company Act of 1940, as amended, and the
repurchase agreements in amounts rules and regulations thereunder, or as
up to 33.33% of its total assets may otherwise be permitted from time to
(including the amount borrowed), time by regulatory authority."
(b) the [] Fund may, to the extent
permitted by applicable law, borrow
up to an additional 5% of its total
assets for temporary purposes, (c)
the [] Fund may obtain such
short-term credits as may be
necessary for the clearance of
purchases and sales of portfolio
securities, (d) the [] Fund may
purchase securities on margin to the
extent permitted by applicable law
and (e) the [] Fund may engage in
transactions in mortgage dollar
rolls which are accounted for as
financings."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.C. Proposal concerning The Fund "normally invests at The Fund will "normally invest at
fundamental policy regarding least 25% of its total assets, in least 25% of its total assets, in
investments within certain the aggregate, in the following the aggregate, in the following
industries. industries: banks, diversified industries: banks, diversified
financials, and insurance." financials, and insurance."
- ------------------------------------- ----------------------------------- -------------------------------------------
-37-
HARTFORD GLOBAL FINANCIAL SERVICES
(CONT.)
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.D. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an underwriter
fundamental policy regarding securities issued by others, of other issuers, except to the extent
underwriting securities. except to the extent that the that, in connection with the disposition
sale of portfolio securities by of portfolio securities, the Fund may be
the Fund may be deemed to be an deemed to be an underwriter under
underwriting." applicable laws."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.E. Proposal to revise the The Fund will not "make loans The Fund will not "make loans, except to
fundamental policy regarding the except through (a) the purchase the extent consistent with the Investment
making of loans. of debt obligations in accordance Company Act of 1940, as amended, and the
with the Fund's investment rules and regulations thereunder, or as
objective and policies, (b) may otherwise be permitted from time to
repurchase agreements with banks, time by regulatory authority."
brokers, dealers and other financial
institutions, and (c) loans of cash
or securities as permitted by
applicable law."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or The Fund will not "purchase or sell real
fundamental policy regarding sell real estate" except that it estate unless acquired as a result of
investments in real estate and may "(a) acquire or lease office ownership of securities or other
interests therein. space for its own use, (b) invest instruments, although it may purchase
in securities of issuers that securities secured by real estate or
invest in real estate or interests therein, or securities issued
interests therein, (e.g., real by companies which invest in real estate
estate investment trusts) (c) or interests therein."
invest in securities that are
secured by real estate or interests
therein, (d) purchase and sell
mortgage-related securities, (e)
hold and sell real estate acquired
by the Fund as a result of the
ownership of securities and (f)
invest in real estate limited
partnerships"
- ------------------------------------- ----------------------------------- -------------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity commodities or commodities contracts,
purchases and sales of commodities contracts, except that the Fund except that the Fund may purchase or sell
and commodities contracts. may invest in currency and financial futures contracts, options on
financial instruments and financial futures contracts, and futures
contracts that are commodities or contracts, forward contracts, and options
commodity contracts." with respect to foreign currencies, and
may enter into swap transactions or other
financial transactions of any kind."
- ------------------------------------- ----------------------------------- -------------------------------------------
-38-
FOCUS FUND
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(i). Proposal to revise the The Fund will not "issue senior The Fund will not "borrow money or issue
fundamental policy regarding the securities to the extent such any class of senior securities, except to
issuing of senior securities. issuance would violate applicable the extent consistent with the Investment
law." Company Act of 1940, as amended, and the
rules and regulations thereunder, or as
may otherwise be permitted from time to
time by regulatory authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.A.(ii). Proposal to revise the The Fund will not "borrow money, The Fund will not "borrow money or issue
fundamental policy regarding the except (a) the [] Fund may borrow any class of senior securities, except to
borrowing of money. from banks (as defined in the the extent consistent with the Investment
1940 Act) and through reverse Company Act of 1940, as amended, and the
repurchase agreements in amounts rules and regulations thereunder, or as
up to 33.33% of its total assets may otherwise be permitted from time to
(including the amount borrowed), time by regulatory authority."
(b) the [] Fund may, to the extent
permitted by applicable law, borrow
up to an additional 5% of its total
assets for temporary purposes, (c)
the [] Fund may obtain such
short-term credits as may be
necessary for the clearance of
purchases and sales of portfolio
securities, (d) the [] Fund may
purchase securities on margin to the
extent permitted by applicable law
and (e) the [] Fund may engage in
transactions in mortgage dollar
rolls which are accounted for as
financings."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.B. Proposal to revise the The Fund will not "invest 25% or The Fund will not "concentrate its
fundamental policy regarding more of its total assets in the investments in a particular industry,
investment concentrations within a securities of one or more issuers except to the extent consistent with the
particular industry. conducting their principal Investment Company Act of 1940, as
business activities in the same amended, and the rules and regulations
industry (excluding the U.S. thereunder, or as may otherwise be
Government or any of its agencies permitted from time to time by regulatory
or instrumentalities)." authority."
- ------------------------------------- ----------------------------------- -------------------------------------------
-39-
FOCUS FUND
(CONT.)
- ------------------------------------- ----------------------------------- -------------------------------------------
PROPOSAL CURRENT POLICY REVISED POLICY
- ------------------------------------- ----------------------------------- -------------------------------------------
II.D. Proposal to revise the The Fund will not "make loans The Fund will not "make loans, except to
fundamental policy regarding the except through (a) the purchase the extent consistent with the Investment
making of loans. of debt obligations in accordance Company Act of 1940, as amended, and the
with the Fund's investment rules and regulations thereunder, or as
objective and policies, (b) may otherwise be permitted from time to
repurchase agreements with banks, time by regulatory authority."
brokers, dealers and other financial
institutions, and (c) loans of cash
or securities as permitted by
applicable law."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.E. Proposal to revise the The Fund will not "underwrite The Fund will not "act as an underwriter
fundamental policy regarding securities issued by others, of other issuers, except to the extent
underwriting securities. except to the extent that the that, in connection with the disposition
sale of portfolio securities by of portfolio securities, the Fund may be
the Fund may be deemed to be an deemed to be an underwriter under
underwriting." applicable laws."
- ------------------------------------- ----------------------------------- -------------------------------------------
II.F. Proposal to revise the The Fund will not "purchase or The Fund will not "purchase or sell real
fundamental policy regarding sell real estate" except that it estate unless acquired as a result of
investments in real estate and may "(a) acquire or lease office ownership of securities or other
interests therein. space for its own use, (b) invest instruments, although it may purchase
in securities of issuers that securities secured by real estate or
invest in real estate or interests therein, or securities issued
interests therein, (e.g., real by companies which invest in real estate
estate investment trusts) (c) or interests therein."
invest in securities that are
secured by real estate or interests
therein, (d) purchase and sell
mortgage-related securities, (e)
hold and sell real estate acquired
by the Fund as a result of the
ownership of securities and (f)
invest in real estate limited
partnerships"
- ------------------------------------- ----------------------------------- -------------------------------------------
II.G. Proposal to revise the The Fund will not "invest in The Fund will not "purchase or sell
fundamental policy regarding commodities or commodity commodities or commodities contracts,
purchases and sales of commodities contracts, except that the Fund except that the Fund may purchase or sell
and commodities contracts. may invest in currency and financial futures contracts, options on
financial instruments and financial futures contracts, and futures
contracts that are commodities or contracts, forward contracts, and options
commodity contracts." with respect to foreign currencies, and
may enter into swap transactions or other
financial transactions of any kind."
- ------------------------------------- ----------------------------------- -------------------------------------------
-40-
THE HARTFORD MUTUAL FUNDS, INC.
[Each Fund EXCEPT:
Hartford Global Communications Fund,
Hartford Global Financial Service Fund,
Hartford Global Health Fund, Hartford
Global Technology Fund and Hartford Focus Fund]
PROXY FOR SPECIAL SHAREHOLDERS MEETING
TO BE HELD June [ ], 2002
THIS PROXY IS SOLICITED ON BEHALF
OF THE BOARD OF DIRECTORS
The undersigned appoints David M. Znamierowski, George R. Jay, Daniel Burton,
Robert W. Beltz, Jr., Scott R. Plummer, Tamara L. Fagely and Kevin J. Carr or
each of them with power to act without the other and with the right of
substitution in each, the proxies of the undersigned to vote all shares of the
Fund named above (the "Fund") held by the undersigned on May 7, 2002, at a
Special Shareholders Meeting of the Fund, to be held at the offices of Hartford
Investment Financial Services, LLC, 200 Hopmeadow Street, Simsbury, Connecticut,
on June [ ], 2002, at 10:00 a.m. and at any adjournment thereof, with all powers
the undersigned would possess if present in person. All previous proxies given
with respect to the meeting are revoked.
The undersigned hereby acknowledge(s) receipt of a copy of the accompanying
Notice of Special Meeting of Shareholders and the Proxy Statement with respect
thereto. This proxy may be revoked at any time before it is exercised.
THIS PROXY WILL BE VOTED AS INSTRUCTED ON THE MATTERS SET FORTH BELOW. IT IS
UNDERSTOOD THAT IF NO CHOICE IS SPECIFIED, THIS PROXY WILL BE VOTED IN
ACCORDANCE WITH THE RECOMMENDATIONS OF THE BOARD OF DIRECTORS. UPON ALL OTHER
MATTERS THE PROXIES SHALL VOTE ACCORDING TO THEIR BEST JUDGMENT. In their
discretion, the Proxies are each authorized to vote upon such other business as
may properly come before the meeting and any adjournments or postponements of
the meeting unless otherwise prohibited by the undersigned. If a nominee for
Director is unable to serve or will not serve, the persons named as Proxies may
vote all of the shares represented hereby for the election of such other person
as Fund management may designate. A shareholder wishing to vote in accordance
with the Board of Directors' recommendation need only sign and date this proxy
and return it in the envelope provided.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND PROMPTLY RETURN THIS PROXY IN THE
ENCLOSED ENVELOPE.
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- ---------------------------------- ------------------------------------
- ---------------------------------- ------------------------------------
- ---------------------------------- ------------------------------------
- ---------------------------------- ------------------------------------
PLEASE MARK VOTE IN BLUE OR BLACK INK AS IN THIS
EXAMPLE [X]
[THE HARTFORD MUTUAL FUNDS, INC. EXCEPT: Hartford Global Communications Fund,
Hartford Global Financial Services Fund, Hartford Global Health Fund, Hartford
Global Technology Fund and Hartford Focus Fund]
Mark box at right if an address change or comment
has been noted on the reverse side of this card [ ]
I. To elect the following Nominees to the WITHHOLD FOR ALL
Board of Directors: FOR ALL ALL EXCEPT
1) Winifred Ellen Coleman, 2) Dr. [ ] [ ] [ ]
Robert M. Gavin, 3) Duane E. Hill,
4) William Atchinson O'Neill,
5) Phillip O. Peterson, 6) Millard
Handley Pryor, Jr., 7) Lowndes Andrew
Smith, 8) John Kelley Springer, and 9)
David M. Znamierowski.
To withhold authority to vote for any
individual nominee mark the box
"For All Except" and write the nominee's
number on the line below.
-----------------------------
II. To approve proposals to eliminate FOR AGAINST ABSTAIN
or revise certain fundamental
investment policies of the Funds.
A.(i). Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the issuing of
senior securities.
A.(ii). Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the borrowing of
money.
B. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding investment
concentrations within a particular
industry.
D. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the making of
loans.
E. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the underwriting
of securities.
F. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding investments in
real estate or interests therein.
G. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding purchases and
sales of commodities and
commodities contracts.
H. Proposal to eliminate the [ ] [ ] [ ]
fundamental policy regarding the
diversification of investments.
Date
-------------------------------
Please sign exactly as name appears to the left. When signing as attorney,
executor, administrator, trustee, or guardian, please give full title as such.
If signing for a corporation, please sign in full corporate name by authorized
person. If a partnership, please sign in partnership name by authorized person.
Shareholder(s) signs here.
THE HARTFORD MUTUAL FUNDS, INC.
Hartford Global Communications Fund,
Hartford Global Financial Service Fund,
Hartford Global Health Fund, and Hartford
Global Technology Fund
PROXY FOR SPECIAL SHAREHOLDERS MEETING
TO BE HELD June [ ], 2002
THIS PROXY IS SOLICITED ON BEHALF
OF THE BOARD OF DIRECTORS
The undersigned appoints David M. Znamierowski, George R. Jay, Daniel Burton,
Robert Beltz, Scott Plummer, Tamara Fagely and Kevin J. Carr or each of them
with power to act without the other and with the right of substitution in each,
the proxies of the undersigned to vote all shares of the Fund named above (the
"Fund") held by the undersigned on May 7, 2002, at a Special Shareholders
Meeting of the Fund, to be held at the offices of Hartford Investment Financial
Services, LLC, 200 Hopmeadow Street, Simsbury, Connecticut, on June [ ], 2002,
at 10:00 a.m. and at any adjournment thereof, with all powers the undersigned
would possess if present in person. All previous proxies given with respect to
the meeting are revoked.
The undersigned hereby acknowledge(s) receipt of a copy of the accompanying
Notice of Special Meeting of Shareholders and the Proxy Statement with respect
thereto. This proxy may be revoked at any time before it is exercised.
THIS PROXY WILL BE VOTED AS INSTRUCTED ON THE MATTERS SET FORTH BELOW. IT IS
UNDERSTOOD THAT IF NO CHOICE IS SPECIFIED, THIS PROXY WILL BE VOTED IN
ACCORDANCE WITH THE RECOMMENDATIONS OF THE BOARD OF DIRECTORS. UPON ALL OTHER
MATTERS THE PROXIES SHALL VOTE ACCORDING TO THEIR BEST JUDGMENT. In their
discretion, the Proxies are each authorized to vote upon such other business as
may properly come before the meeting and any adjournments or postponements of
the meeting unless otherwise prohibited by the undersigned. If a nominee for
Director is unable to serve or will not serve, the persons named as Proxies may
vote all of the shares represented hereby for the election of such other person
as Fund management may designate. A shareholder wishing to vote in accordance
with the Board of Directors' recommendation need only sign and date this proxy
and return it in the envelope provided.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND PROMPTLY RETURN THIS PROXY IN THE
ENCLOSED ENVELOPE.
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- ----------------------------------- ----------------------------------
- ----------------------------------- ----------------------------------
- ----------------------------------- ----------------------------------
- ----------------------------------- ----------------------------------
PLEASE MARK VOTE IN BLUE OR BLACK INK AS IN THIS
EXAMPLE [X]
Hartford Global Communications Fund
Hartford Global Financial Services Fund
Hartford Global Health Fund
Hartford Global Technology Fund
Mark box at right if an address change or comment
has been noted on the reverse side of this card [ ]
I. To elect the following Nominees to the WITHHOLD FOR ALL
Board of Directors: FOR ALL ALL EXCEPT
1) Winifred Ellen Coleman, 2) Dr. [ ] [ ] [ ]
Robert M. Gavin, 3) Duane E. Hill,
4) William Atchinson O'Neill,
5) Phillip O. Peterson, 6) Millard
Handley Pryor, Jr., 7) Lowndes Andrew
Smith, 8) John Kelley Springer, and 9)
David M. Znamierowski.
To withhold authority to vote for any
individual nominee mark the box
"For All Except" and write the nominee's
number on the line below.
-----------------------------
II. To approve proposals to eliminate FOR AGAINST ABSTAIN
or revise certain fundamental
investment policies of the Funds.
A.(i). Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the issuing of
senior securities.
A.(ii). Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the borrowing of
money.
C. Proposal concerning fundamental [ ] [ ] [ ]
policy regarding investments within
certain industries.
D. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the making of
loans.
E. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding the underwriting
of securities.
F. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding investments in
real estate or interests therein.
G. Proposal to revise the fundamental [ ] [ ] [ ]
policy regarding purchases and
sales of commodities and
commodities contracts.
Date
-------------------------------
Please sign exactly as name appears to the left. When signing as attorney,
executor, administrator, trustee, or guardian, please give full title as such.
If signing for a corporation, please sign in full corporate name by authorized
person. If a partnership, please sign in partnership name by authorized person.
Shareholder(s) signs here.
THE HARTFORD MUTUAL FUNDS, INC.
Hartford Focus Fund
PROXY FOR SPECIAL SHAREHOLDERS MEETING
TO BE HELD June [ ], 2002
THIS PROXY IS SOLICITED ON BEHALF
OF THE BOARD OF DIRECTORS
The undersigned appoints David M. Znamierowski, George R. Jay, Daniel Burton,
Robert W. Beltz, Jr., Scott R. Plummer, Tamara L. Fagely, and Kevin J. Carr or
each of them with power to act without the other and with the right of
substitution in each, the proxies of the undersigned to vote all shares of the
Fund named above (the "Fund") held by the undersigned on May 7, 2002, at a
Special Shareholders Meeting of the Fund, to be held at the offices of Hartford
Investment Financial Services, LLC, 200 Hopmeadow Street, Simsbury, Connecticut,
on June [ ], 2002, at 10:00 a.m. and at any adjournment thereof, with all powers
the undersigned would possess if present in person. All previous proxies given
with respect to the meeting are revoked.
The undersigned hereby acknowledge(s) receipt of a copy of the accompanying
Notice of Special Meeting of Shareholders and the Proxy Statement with respect
thereto. This proxy may be revoked at any time before it is exercised.
THIS PROXY WILL BE VOTED AS INSTRUCTED ON THE MATTERS SET FORTH BELOW. IT IS
UNDERSTOOD THAT IF NO CHOICE IS SPECIFIED, THIS PROXY WILL BE VOTED IN
ACCORDANCE WITH THE RECOMMENDATIONS OF THE BOARD OF DIRECTORS. UPON ALL OTHER
MATTERS THE PROXIES SHALL VOTE ACCORDING TO THEIR BEST JUDGMENT. In their
discretion, the Proxies are each authorized to vote upon such other business as
may properly come before the meeting and any adjournments or postponements of
the meeting unless otherwise prohibited by the undersigned. If a nominee for
Director is unable to serve or will not serve, the persons named as Proxies may
vote all of the shares represented hereby for the election of such other person
as Fund management may designate. A shareholder wishing to vote in accordance
with the Board of Directors' recommendation need only sign and date this proxy
and return it in the envelope provided.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND PROMPTLY RETURN THIS PROXY IN THE
ENCLOSED ENVELOPE.
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- ----------------------------------- -------------------------------------
- ----------------------------------- -------------------------------------
- ----------------------------------- -------------------------------------
- ----------------------------------- -------------------------------------
PLEASE MARK VOTE IN BLUE OR BLACK INK AS IN THIS
EXAMPLE [X]
Hartford Focus Fund
Mark box at right if an address change or comment has been noted on the reverse
side of this card [ ]
I. To elect the following Nominees to the Board of WITHHOLD FOR ALL
Directors: FOR ALL ALL EXCEPT
1) Winifred Ellen Coleman, 2) Dr. Robert M. Gavin, 3)
Duane E. Hill, 4) William Atchinson O'Neill, 5) Phillip
O. Peterson, 6) Millard Handley Pryor, Jr., 7) Lowndes
Andrew Smith, 8) John Kelley Springer, and 9) David M.
Znamierowski.
To withhold authority to vote for any individual
nominee mark the box "For All Except" and write the
nominee's number on the line below.
-----------------------------
II. To approve proposals to eliminate or revise FOR AGAINST ABSTAIN
certain fundamental investment policies of the
Funds.
A.(i). Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding the issuing of senior securities.
A.(ii). Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding the borrowing of money.
B. Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding investment concentrations within a
particular industry.
D. Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding the making of loans.
E. Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding the underwriting of securities.
F. Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding investments in real estate or interests
therein.
G. Proposal to revise the fundamental policy [ ] [ ] [ ]
regarding purchases and sales of commodities and
commodities contracts.
Date
-------------------------------------------
Please sign exactly as name appears to the left. When signing as attorney,
executor, administrator, trustee, or guardian, please give full title as such.
If signing for a corporation, please sign in full corporate name by authorized
person. If a partnership, please sign in partnership name by authorized person.
Shareholder(s) signs here.